Rigetti Computing (NASDAQ:RGTI) Earns Buy Rating from Rosenblatt Securities

Rigetti Computing (NASDAQ:RGTI)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $40.00 price target on the stock. Rosenblatt Securities’ price target suggests a potential upside of 60.26% from the stock’s previous close.

Other analysts have also issued research reports about the stock. B. Riley reduced their target price on shares of Rigetti Computing from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Jefferies Financial Group began coverage on shares of Rigetti Computing in a report on Tuesday, December 16th. They set a “hold” rating and a $30.00 price target on the stock. Mizuho started coverage on shares of Rigetti Computing in a research report on Thursday, December 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Wedbush assumed coverage on shares of Rigetti Computing in a research report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Rigetti Computing Stock Up 5.4%

Shares of Rigetti Computing stock opened at $24.96 on Wednesday. Rigetti Computing has a 52 week low of $6.86 and a 52 week high of $58.15. The business has a 50 day moving average price of $24.94 and a 200-day moving average price of $25.23. The company has a market cap of $8.24 billion, a PE ratio of -19.20 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $1.95 million for the quarter, compared to analysts’ expectations of $2.17 million. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The business’s revenue was down 18.1% on a year-over-year basis. As a group, research analysts anticipate that Rigetti Computing will post -0.34 EPS for the current year.

Institutional Trading of Rigetti Computing

A number of large investors have recently bought and sold shares of RGTI. Vanguard Group Inc. lifted its position in shares of Rigetti Computing by 40.4% during the 3rd quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock valued at $954,665,000 after buying an additional 9,228,888 shares during the last quarter. Marex Group plc bought a new stake in Rigetti Computing in the 2nd quarter valued at about $87,414,000. Ameriprise Financial Inc. bought a new stake in Rigetti Computing in the 2nd quarter valued at about $21,887,000. Clear Street Group Inc. purchased a new stake in Rigetti Computing during the third quarter valued at about $47,752,000. Finally, UBS Group AG lifted its holdings in Rigetti Computing by 90.9% during the third quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock valued at $91,788,000 after purchasing an additional 1,467,483 shares during the last quarter. 35.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Rigetti Computing

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: B. Riley upgraded RGTI from Neutral to Buy, which is the primary near‑term catalyst lifting the stock as momentum traders and funds react to the rating change. What’s Happening With Rigetti Computing Stock Thursday? Rigetti rises after upgrade at B Riley
• Positive Sentiment: Wedbush raised its price target to $40 and moved to an “Outperform” rating, signaling institutional confidence in longer‑term upside and likely supporting further buying interest. Wedbush raises PT to $40
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating and a $40 target, reinforcing the narrative of analyst conviction around future value capture in gate‑based quantum development. Rosenblatt reaffirms buy
• Neutral Sentiment: Comparative analyst coverage (Zacks) frames RGTI versus peers like D‑Wave (QBTS), highlighting RGTI’s gate‑based, long‑term ambition versus rivals’ nearer‑term commercial approaches — useful for investors weighing risk/return horizons. Rigetti vs. D‑Wave: Which Quantum Computing Stock Is the Better Pick?
• Neutral Sentiment: A Yahoo Finance piece notes a delay in Rigetti’s quantum roadmap but also an India deployment deal — together these items create mixed near‑term headlines (delay is a headwind; the deployment deal is incremental validation). Investors should watch execution updates closely. What Rigetti Computing (RGTI)’s Quantum Roadmap Delay and India Deployment Deal Means For Shareholders

Rigetti Computing Company Profile

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.